Celestica Inc. (NYSE:CLS) saw a 16% jump to a 52-week high of $257.4 on Friday, closing the day up 9.64% at $242.68. The surge followed Broadcom’s earnings report and a new $10 billion chip supply deal with OpenAI, expected to boost Celestica’s revenues as a longtime partner.

In Q2, Celestica reported a 122% rise in net income to $211 million and a 21% revenue increase to $2.89 billion year-on-year. The company has raised its full-year 2025 revenue outlook to $11.55 billion from $10.85 billion, with Q3 expected to range between $2.875 billion to $3.125 billion.

Investors are eyeing Celestica (CLS) as an investment opportunity, especially after the recent surge. While the company shows promise, some suggest that other AI stocks may offer higher returns with less downside risk. Check out our free report on the best short-term AI stock for more insights.

Read more at Yahoo Finance: Celestica (CLS) Rides Broadcom Jump to Fresh Peak